Citigroup Inc. Has $28.67 Million Holdings in Atmos Energy Corporation (NYSE:ATO)

Key Points

• Citigroup Inc. decreased its stake in Atmos Energy Corporation by 33.5% in Q1, owning 185,458 shares valued at approximately $28.67 million as of the latest financial filing.
• Atmos Energy recently reported Q2 earnings with an EPS of $1.16, slightly missing analysts' estimates, and had a revenue of $838.77 million compared to the projected $848.97 million.
• The company declared a quarterly dividend of $0.87 per share, representing an annual yield of 2.1%, which will be paid on September 8th to investors of record by August 25th.

Citigroup Inc. lowered its holdings in Atmos Energy Corporation (NYSE:ATO - Free Report) by 33.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 185,458 shares of the utilities provider's stock after selling 93,374 shares during the quarter. Citigroup Inc. owned 0.12% of Atmos Energy worth $28,668,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its holdings in shares of Atmos Energy by 191.2% during the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the utilities provider's stock worth $26,000 after purchasing an additional 109 shares in the last quarter. Cary Street Partners Financial LLC acquired a new stake in shares of Atmos Energy during the 4th quarter worth approximately $37,000. South Plains Financial Inc. acquired a new stake in shares of Atmos Energy during the 4th quarter worth approximately $51,000. Golden State Wealth Management LLC grew its holdings in shares of Atmos Energy by 379.7% during the 1st quarter. Golden State Wealth Management LLC now owns 331 shares of the utilities provider's stock worth $51,000 after purchasing an additional 262 shares in the last quarter. Finally, Bank of New Hampshire acquired a new stake in shares of Atmos Energy during the 1st quarter worth approximately $58,000. Institutional investors and hedge funds own 90.17% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on ATO shares. UBS Group reissued a "neutral" rating and set a $159.00 price objective (up previously from $146.00) on shares of Atmos Energy in a report on Wednesday, July 30th. Citigroup lifted their price objective on Atmos Energy from $148.00 to $163.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Morgan Stanley set a $156.00 price objective on Atmos Energy and gave the stock an "overweight" rating in a report on Wednesday, June 18th. Barclays cut their target price on Atmos Energy from $156.00 to $153.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. Finally, Mizuho downgraded Atmos Energy from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $165.00 to $164.00 in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $158.27.

Atmos Energy Price Performance

ATO traded down $0.95 during trading on Friday, hitting $165.18. The company's stock had a trading volume of 968,653 shares, compared to its average volume of 907,536. The stock has a market capitalization of $26.51 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 3.07 and a beta of 0.69. Atmos Energy Corporation has a 12 month low of $128.12 and a 12 month high of $167.45. The company has a quick ratio of 1.25, a current ratio of 1.37 and a debt-to-equity ratio of 0.67. The firm's 50 day moving average price is $156.05 and its two-hundred day moving average price is $153.50.

Atmos Energy (NYSE:ATO - Get Free Report) last released its earnings results on Wednesday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, missing analysts' consensus estimates of $1.17 by ($0.01). The firm had revenue of $838.77 million for the quarter, compared to the consensus estimate of $848.97 million. Atmos Energy had a return on equity of 9.00% and a net margin of 25.05%. During the same quarter in the previous year, the firm earned $1.08 EPS. Sell-side analysts forecast that Atmos Energy Corporation will post 7.18 earnings per share for the current fiscal year.

Atmos Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 8th. Stockholders of record on Monday, August 25th will be given a dividend of $0.87 per share. The ex-dividend date is Monday, August 25th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.1%. Atmos Energy's payout ratio is presently 47.80%.

About Atmos Energy

Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.